Many adults purchase savings bonds for a variety of reasons, a popular one being to help children save for their futures. However, when we talk about bond insurance, we are referring to a different type of “bond”. Bid bonds insurance can help grow and protect businesses—from investing in resources to forming contracts and agreements with other entities. To learn more about the different types of bid bond insurance, call the team at American Insure-All today to speak with a bid bonds insurance broker in Kenmore.
If a business teams up with an investor or stakeholder, then a business can also become a bond issuer and purchase bid bond insurance, which can help to protect both the business and other investor or stakeholder from default payments. As a result, the creditworthiness of the bond issuer is considered in order to assess the overall risk liability of a bond issuer.
While entering a “bond” or purchasing bond insurance seems like an overwhelming or scary process, this type of bond can actually help businesses grow and even offer a blanket of protection for investors and stakeholders. For example, by establishing a “bond” with an investor, companies can feel more confident about using capital to boost and leverage resources, reaching for further growth and development, without incurring any financial risks, and an investor can ensure they receive scheduled interest and payments should a business or bond issuer default.
At American Insure-All, we are experienced in working with businesses to help them secure bond insurance to help them grow, develop, and maximize opportunities, without risking their bottom line.
Some of the common types of bond insurance include:
– Contract performace bonds
– License and permit bonds
– Payment bonds
– Bid bonds
– Supply bonds
– Maintenance Bonds
For more information on bond insurance, call American Insure-All today at (888)411-AUTO to learn more about working with a bid bonds insurance broker in Kenmore.